The ‘Mother of All Deals’: India-US Bilateral Trade Pact on the Horizon
At the recent Invest Kerala Global Summit, Union Minister Piyush Goyal described the proposed India-US bilateral trade pact as the “mother of all deals.” This ambitious agreement is set to strengthen the already robust economic ties between India and the United States, promising a future of enhanced commercial collaboration.
Strengthening Economic Ties
Minister Goyal highlighted the success of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) as a model for future trade agreements. With ongoing discussions with Bahrain and other nations, the Indian government is keen to expand its trade network globally. This initiative aligns perfectly with Prime Minister Modi’s vision to double bilateral commerce to a staggering $500 billion by 2030.
Recent Trade Figures
The recent bilateral trade figures between India and the US underline the potential benefits of this partnership. With trade volumes reaching new heights, both nations stand to gain significantly from closer economic cooperation. The proposed pact aims to eliminate trade barriers, enhance market access, and create a favorable environment for businesses on both sides.
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The Future of Trade
With the India-US bilateral trade pact poised to revolutionize economic relations, stakeholders are optimistic about the future. The strategic vision put forth by leaders like Piyush Goyal and Prime Minister Modi sets a promising stage for unprecedented growth and collaboration. Stay tuned as we witness history in the making!
